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Regions will receive 200 billion rubles for budget stability

Regions will receive 200 billion rubles for budget stability

Federal authorities will allocate an additional 200 billion rubles to the Russian regions to ensure the stability and balance of budgets. This was at a meeting with members of the government said President Vladimir Putin.

According to him, the revenues of the regions for various reasons sagged, and they need to provide support to the economy and citizens, which is why the burden on the budget is increasing. The constituent entities of the Russian Federation will be able to channel additional financing on the implementation of regional measures to support employment and business activity, on the payment of benefits and salaries to state employees, as well as on solving urgent social issues and helping people.

“The situation is changing dynamically. I ask the government, together with the regions and business associations, to constantly evaluate the effectiveness and adequacy of the measures taken, ”Putin said.

He also said that new solutions would be required for the economy as a whole and for individual sectors. You need to accept them now, so the president is waiting for offers of support in the near future.

In early April to help the regions in the federal budget reserved 171 billion rubles. This money will be used for restructuring and granting a deferment in the payment of budget loans, as well as for compensating budget losses from lower revenues.

According to experts, the reduction in profits of enterprises, and hence tax revenues of budgets of all levels, will deprive reserves of 62 regions Russia. The reason is the high debt burden of budgets, low oil prices and difficulties in world trade due to the coronavirus pandemic.

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